HVAC Pump Market Size & Insights

According to MarkNtel Advisors study The future of HVAC Pump Market size is estimated to grow at a CAGR of around 5.82% during the forecast period, i.e., 2024-30. 

What are the Key Driver in the HVAC Pump Market?

Increasing Investment in the Development of Data Centers – During the historical period, the expansion of data centers, owing to the digitalization of public and private organizations as well as the growing use of digital transactions, social media platforms, and IoT-based home appliances led to a substantial increase in data volume. This, in turn, prompted rapid and widespread growth of data centers on a global scale. For instance, Google planned to spend USD 9.5 Billion on new Google Data Centers in 2022. As a result, expansions of data centers have fueled heightened requirements for HVAC pumps to regulate temperature & maintain optimal conditions for the servers & other equipment.

Furthermore, the ongoing digital transformation in government & public offices in countries like the UAE, Saudi Arabia, India, Brazil, etc., has notably contributed to the need for localized data centers to maintain the privacy of government data. This is leading to the growing investment in the development of data centers in recent years by the governments to cater to the cloud service needs of the government & enterprises.  Thus, this notably boosts the demand for HVAC pumps, essential for efficient temperature regulation in these expanding digital infrastructures.

Additionally, the globe is witnessing a growing rollout of the 5G network, which is estimated to bring a surge in data consumption and connectivity demands in the forecast period. For instance, in 2023, in India CRISIL rating stated that average data usage per subscriber per month is expected to rise to about 28-30 GB by 2025 from around 20 GB at present. As a result, there would be higher requirements for data centers, thereby propelling the demand for HVAC pumps in the upcoming years.  ​

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What are the Key Segments in the HVAC Pump Market?

The HVAC Pump is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

  • By Type
    • Split Case- Market Size & Forecast 2019-2030F, (USD Million)
    • Inline- Market Size & Forecast 2019-2030F, (USD Million)
    • End Suction- Market Size & Forecast 2019-2030F, (USD Million)
    • Others- Market Size & Forecast 2019-2030F, (USD Million)
  • By Application
    • Residential- Market Size & Forecast 2019-2030F, (USD Million)
    • Commercial- Market Size & Forecast 2019-2030F, (USD Million)
    • Industrial- Market Size & Forecast 2019-2030F, (USD Million)
      • Oil & Gas- Market Size & Forecast 2019-2030F, (USD Million)
      • Power- Market Size & Forecast 2019-2030F, (USD Million)
      • Chemicals & Petrochemicals- Market Size & Forecast 2019-2030F, (USD Million)
      • Mining- Market Size & Forecast 2019-2030F, (USD Million)
      • Food & Beverages- Market Size & Forecast 2019-2030F, (USD Million)
      • Others (Pharmaceuticals, etc.)- Market Size & Forecast 2019-2030F, (USD Million)

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How does geographical analysis highlight in the HVAC Pump market?

By Region

·       North America

·       South America

·       Europe

·       Middle East & Africa

·       Asia-Pacific

Who are the Key Players in HVAC Pump Market?

·       Grundfos

·       Wilo SE

·       KSB Limited

·       Kirloskar Brothers Limited

·       Pentair

·       Xylem Inc.

·       Sulzer

·       Facility Portfolio

·       CNP India Private Limited

·       Gorman-Rupp Industries

·       Flowserve

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HVAC Pump Market News

In 2023, KSB SE & CO KGaA Launched a new series of fully integrated in-line water pumps which require up to 44 % less aluminum, 49 % less grey cast iron, and 68 % less magnetic steel sheet, as well as 73 % less copper. 

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Why This MarkNtel Advisors Research Report:

  • In-depth Market Analysis: Understand trends and dynamics shaping growth.
  • Segmented Insights: Target specific segments for focused strategies.
  • Geographical Performance: Assess market opportunities by geographic area.
  • Emerging Technologies: Discover advancements like AI integration.
  • Risk Identification: Pinpoint challenges to inform strategic planning.
  • Future Forecasts: Prepare for market changes with actionable projections.

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